Q: Elaborate the citation of Dalmia Cement Ltd. V. Galaxy Traders & Agencies Ltd, Criminal Appeal No.957 of 2000 ?
Ans: The purpose of section 138 of the Negotiable Instruments Act was mentioned in this case by the Hon’ble Supreme Court of India. The court noted that section 138 was added to the statute when it was passed with the specific purpose of creating a particular provision involving strict responsibility as it related to cheques as negotiable instruments.
A key tool for the regulation of the Negotiable Instrument Act is Section 138 of the Act, which establishes severe responsibility in the event of a payment default. The numerous actions are being done to implement changes made possible by the Negotiable Instruments Act of 1881 to make the law more strict in default of cheque.
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